1. Calculation formula of equal principal and interest method: monthly repayment amount = monthly interest rate of principal [( 1 interest rate) n/[( 1 interest rate) n-1]; Where n represents the number of months of loan, and n represents the power of n, such as 240, representing the power of 240 (20 years and 240 months of loan). Monthly interest rate = annual interest rate/12; Total interest = monthly repayment amount-loan months-principal.

2. Calculation formula of average capital method: monthly repayment amount = principal /n monthly interest rate of remaining principal; Total interest = monthly interest rate of principal (loan months /20.5).

Housing loan method

1, provident fund loan

Advantages: the interest of provident fund loans is lower than that of commercial loans in the same period, and the total interest can be saved a lot.

Disadvantages:

(1) According to local policies, employees can only apply for provident fund loans after they have paid the provident fund for a certain number of years.

(2) The loan amount is related to the employee provident fund account balance and the deposit amount, and there is a maximum loan amount limit.

(3) Provident fund loans are more complicated than commercial loans in terms of loan processes and procedures, and the approval time is longer.

(4) The property nature of the loan is limited to ordinary housing; 40, 50 years of property rights and villas can not use provident fund loans. There are outstanding provident fund loans before, and you cannot apply for provident fund loans again.

2. Commercial loans

Advantages:

(1) The loan amount is high. When buying a new house, you can pay a down payment of not less than the prescribed down payment ratio, and the rest can be loaned.

(2) Procedures and procedures are simple.

(3) Property rights are unlimited, and non-ordinary houses can also apply for commercial loans.

(4) Buyers with unlimited loan targets, good credit and stable income can apply for commercial loans.

Disadvantages: high loan interest rate and high total interest.

3. Portfolio loan

Advantages:

(1) moderate interest. Commercial loan part, using commercial loan interest; Provident fund loans, the use of provident fund loan interest.

(2) Because it is a combination of provident fund loans and commercial loans, the loan amount is relatively high.

Disadvantages: long processing time. Because portfolio loans involve both provident fund loans and commercial loans, they need to be reviewed twice, and commercial loans can only be released after the mortgage registration, which also makes portfolio loans take longer than pure commercial loans and pure provident fund loans, resulting in a low acceptance of this loan method by many owners.

How to borrow money to buy a house is the most cost-effective?

Bank housing loans generally have two modes: equal principal and interest and average capital. On the surface, as long as there is a word difference, the actual difference is thousands of miles:

1. Equal principal and interest is to allocate the total interest calculated by the loan term and loan interest rate to each month in an inverted pyramid manner. From the first month to the last repayment, the repayment amount is the same. At first, interest accounted for a large part, while the principal payment was very small. There is less interest in the back. In the last three to five years, it is basically the principal, with little interest;

Second, the average capital is different. From the first month to the last month of repayment, the loan balance of that month is multiplied by the specified monthly interest rate, and the repayment is made in the form of principal plus interest. As the principal decreases month by month, the repayment principal and interest will also decrease, and the pressure on borrowers will be much less;

Third, especially if the lender repays the loan in advance, the average capital is far from equal principal and interest. If the repayment period is more than 2/3, it is meaningless to repay the loan in advance, because what you leave in the bank is basically the principal with little interest. Whenever you repay the loan in advance, the average capital is the same, because the principal and interest in any month are equal;

To sum up, it is the most cost-effective to choose the house loan as the average capital.

How to borrow money to buy a house is the most cost-effective

Many people choose to borrow money to buy a house because of the bad economy, also to relieve their financial pressure. After all, there are not many families who can pay the house price in one lump sum, but there are many ways to borrow money. So how to buy a house with a loan is the most cost-effective? Let's take a closer look with Bian Xiao.

How to borrow money to buy a house is the most cost-effective

First, try to use provident fund loans.

1, try to use provident fund loans. Because from the current loan interest rate in the market, the interest rate of commercial loans will be higher than the interest rate of provident fund loans.

2. If the loan interest rate for more than five years is taken as an example, the interest rate for commercial loans is 6.55%, while the interest rate for provident fund loans is 4.5%, which shows that the interest rate for provident fund loans is about 2 points lower than that for commercial loans.

3. If the loan amount is 500,000 yuan and the loan term is 20 years, it will be calculated according to the repayment method in the average capital. If you use a commercial loan, you need to pay interest of about 328,864.59 yuan. If you use the provident fund loan, you only need to pay interest of about 225,937.48 yuan. It can be seen that provident fund loans will pay about 654.38+10,000 yuan less interest than commercial loans.

4. In addition, if the amount of provident fund loans for buyers is not enough to pay the purchase price, buyers can also take the form of a combination of provident fund and commercial loans, which will be more cost-effective than commercial loans.

Second, choose the repayment method in average capital.

1. There are two repayment methods for housing loans: equal principal repayment and equal principal and interest repayment.

(1) equal principal repayment.

When the lender starts to repay the loan every month, the monthly repayment burden is a bit heavy. However, with the passage of time, the repayment pressure of the lender will gradually ease, because the total interest of the loan is relatively low.

(2) Equal repayment of principal and interest.

The principal in the monthly repayment will gradually increase and the interest will gradually decrease. However, the lender's monthly payment remains unchanged.

2. If the commercial loan is 500,000 yuan and the loan term is 20 years, if the repayment method of the equal principal is adopted, then a * * needs to pay interest of about 328,864.59 yuan; If the repayment method of equal principal and interest is adopted, then a * * * needs to pay interest of about 398,223.63 yuan. Compared with the two, the former will pay about 69,000 yuan more interest, so it is more cost-effective to choose the repayment method in average capital.

The above is the most cost-effective introduction about how to borrow money to buy a house. If you want to buy a house with a mortgage loan, you'd better choose the repayment range that you can afford, and then try to shorten the loan period, so that the loan interest will be much less. I hope the above content will be helpful to everyone.

What is the most cost-effective way to buy a house loan?

Most people will choose a loan to buy a house, which can reduce their financial burden. There are many ways to buy a house loan, which one should be more cost-effective? What are the precautions for buying a house with a loan? Next, let's take a look at the relevant contents of Bian Xiao.

What is the most cost-effective way to buy a house loan?

If there is provident fund, it is most cost-effective to use provident fund loans, because the interest rate of provident fund loans is much lower than that of commercial loans. However, the prerequisite for provident fund loans is that housing provident fund must be continuously deposited before applying for loans, and the continuous deposit time is not less than 6 months. When applying for a loan, you can choose the repayment method in the average capital, so the interest will be less. In addition, the longer the loan term, the higher the interest.

What are the precautions for buying a house with a loan?

1. When applying for a mortgage, you should do what you can. Many people think that the higher the loan amount, the better. Actually, it is not. The loan amount should be based on your repayment ability. The loan must be repaid. In addition to repaying the principal, you have to pay interest. The larger the loan amount, the longer the loan term, the more interest generated and the greater the repayment pressure.

2. When handling the loan, you should prepare the loan materials in advance, such as a copy of household registration book, a copy of ID card, a copy of marriage certificate or single certificate, a copy of house purchase contract and down payment invoice, social security related certificates, income certificates, bank accounts, etc., so as to speed up the processing and avoid running around because of incomplete materials.

3. The materials provided to the bank must be true and effective. If the lender provides false materials to the bank, there will be many influences. If the circumstances are minor, it will affect the bank's audit and cannot lend normally; If the circumstances are serious, the buyer cannot apply for a loan, and the developer may require the buyer to pay overdue liquidated damages.

Article summary: The above are the most cost-effective ways to buy a house and some precautions for buying a house with a loan. Before applying for a loan to buy a house, everyone should consider clearly which loan method and repayment method to choose.

How to buy a house and get a good loan?

Buying a house by loan is the choice of most people now, not only because there is not enough money to pay the house price in full, but also because the house price can be paid by bank loans with lower interest rates. How to buy a house with a loan is more cost-effective Let's take a look with Bian Xiao.

1, provident fund loans are more cost-effective.

Now many developers refuse to use provident fund loans to buy houses, mainly because provident fund loans are slow and developers can't get the money back in time. In fact, if you want to borrow money to buy a house, choosing provident fund will be much more cost-effective than commercial loans. It can be said that it is the first choice for buying a house with a loan. The down payment ratio can reach 20%, and the highest interest rate is only 4.9%, which is very favorable. However, there is no maximum interest rate for commercial loans, and it is very likely that there will be a high interest rate of 7.05%.

2. Low down payment ratio is more cost-effective.

Generally speaking, the more money you have, the more initiative you have. When making a loan, if the down payment ratio is low, it means that you can borrow more money, which is very cost-effective for business people, especially those who choose provident fund loans. It is very cost-effective to use the provident fund to repay the monthly payment. But if the income is unstable, it is better to pay more down payment.

3. Equal principal repayment is good.

Among the repayment methods of equal principal, the first monthly payment is the highest, and then it decreases month by month. In this way, the principal is the same every month, and its interest has been decreasing. Generally speaking, it can offer a lot of discounts, and the pressure in the later stage is also small, which belongs to a way of suffering first and then sweet. However, if civil servants, teachers and other occupations are stable and there are many provident funds, it is also cost-effective to choose equal principal and interest.

4. It is more advantageous to borrow for a long time.

Many people feel that it is painful to repay the loan for a long time, but in fact, the longer the loan, the better, not only because of inflation and RMB depreciation, but also because more repayment months mean that more provident fund can be used to repay the loan, which can reduce a lot of expenses invisibly, which is very cost-effective.